Posts tagged Susquehanna International
Understanding Robinhood, Derivatives, and Market Makers with Paul Rowady of Alphacution
Understanding Robinhood, Derivatives, and Market Makers with Paul Rowady of Alphacution

In this conversation, we talk with Paul Rowady, who is the Director of Research for Alphacution Research Conservatory. Paul has a deep background in capital markets, derivatives, and the macro structure of the industry. He has been uncovering the transformation of that structure with data driven analyses, making visible the economics of market makers like Citadel and retail order flow aggregators like Robinhood. This is a rich discussion of what trading stocks is really like. And make sure to check out Alphacution.

Read More
digital investing, crypto, exchanges / cap mktsLex SokolinRobinhood, Alphacution, Citadel, Susquehanna International, O'Connor & Associates, UBS, World Federation of Exchanges, NYSE, NASDAQ, CBOE, TD Ameritrade, eTrade, Two Sigma, D.E. Shaw
How Robinhood makes $90MM from order flow, and how DeFi is different
How Robinhood makes $90MM from order flow, and how DeFi is different

Looking into the statistics of gambling is illuminating and depressing. The UK, where gambling is more widely accepted than in the US, sees rates of 40-60% across all adults according to 2016 research. Revenues for casinos are over $100 billion annually, and global gambling revenues, including sports betting and the national lotteries, amount to over $400 billion. That's like the equivalent of the entire software cloud industry. And it asymmetrically addicts and disadvantages the already disadvantaged (see academic research here, here, and here).

Read More
digital investing, crypto, philosophy, roboadvisor, decentralized financeLex SokolinRobinhood, Instagram, Tinder, Alphacution, SEC, Bernie Madoff, eTrade, TD Ameritrade, MakerDAO, 1inch, Balancer, Zapper.fi, Virtu, Citadel, Susquehanna International